The employment marketplace is hot for candidates right now. There is no question about that. As a result, job seekers and candidates have more leverage, not just with potential employers, but also with their current employer.
That’s exactly why some companies present a counteroffer to employees who give notice because they’ve accepted a job offer from another organization.
And yes, it may be tempting to accept the counteroffer, even though you’ve basically given your word that you would start employment with another company. And there are even plenty of seemingly logical reasons why you should do so, including the following:
- It’s easier for you to just stay where you are, instead of disrupting your life by starting a new job. This is especially the case if the new job involves relocation.
- The counter-offer makes you feel as though your employer really wants to keep you. And it always feels good, at least on a certain level, to feel as though you’re wanted.
- You don’t have to interact with new co-workers, get used to a new boss, or make new friends at a new employer, all of which can require a tremendous amount of time, energy, and effort.
However, despite the fact that these seem like logical reasons to accept a counteroffer, you should still NOT accept one. Even if you put aside your commitment to another organization—essentially, giving your word—there are still plenty of other good reasons not to accept it.
However, it all boils down to one simple question, which every person who is faced with a counteroffer should ask themselves. That question is this: “Do I really have to threaten to quit to be paid what I’m worth?”
If the answer to that question is “Yes,” then you probably should not be working for your employer in the first place. It just gave you all the reason you need to leave, which is why you’ve pursued other employment opportunities.
While that is the central question in terms of this issue, it is certainly NOT the only question that you would ask in such a situation. The following questions also apply:
- If you accept the counteroffer and stay, will your employer only keep you until it can find a replacement for you? A less expensive replacement?
- If you accept the counteroffer and stay, is it only a matter of time before your employer takes advantage of you again?
- Will the extra money that you received in your counteroffer be in lieu of your next scheduled raise?
- If you accept the counteroffer and stay, will your boss and employer now view you with suspicion? Will your loyalty come into question in the future?
- If you accept the counteroffer and stay, will your loyalty come into question in the future?
No matter how tempting it might seem or how much you’ve talked yourself into it, accepting a counteroffer from your current employer when you’ve already accepted an offer from another company is not a good idea.
And there’s no question about it.
The Doepker Group has experience placing professionals in the Information Technology and Engineering fields, and we can place you, as well.